New York (HedgeCo.Net) – HedgeCo Networks, LLC, a preeminent service provider to the hedge fund industry and operator of the world’s most trafficked data base for hedge fund information (Hedgeco.Net) is pleased to announce that Pershing Advisor Solutions has been selected as a custodian for “The hedge fund alternative investment platform,” HedgeCoVest.

After years of research and development, HedgeCoVest is scheduled for Beta launch in August of 2014. HedgeCoVest was designed to revolutionize the way institutional and retail clients allocate to fund manager strategies through its proprietary technology called the Replicazor. The Replicazor will allow clients to replicate the strategy of hedge fund managers and unlike traditional hedge funds, will allow clients to retain control of investment capital in their brokerage account.

“Our strategic partnership with Pershing Advisor Solutions is a perfect fit and a testament to the ground breaking technology and commitment to excellence that will allow HedgeCoVest to bring the hedge fund industry to the masses,” says Evan Rapoport, CEO of HedgeCo Networks.

Pershing Advisor Solutions provides a robust platform designed specifically for investment advisors to efficiently manage their businesses and service their discerning clientele. HedgeCoVest and its clients will benefit from working with Pershing Advisor Solutions, which will allow HedgeCoVest to potentially tap into the unique strength and global resources of Pershing LLC and BNY Mellon,

HedgeCoVest removes the structural barriers of traditional hedge funds, empowering individuals and institutions alike to tactically allocate to hedge fund strategies utilized by large institutional investors for decades. HedgeCoVest will also provide improved transparency and security versus traditional hedge fund structures, along with the ability to monitor portfolios in real time.

“Pershing’s expertise will play an integral role in allowing investors to utilize HedgeCoVest to allocate to hedge fund strategies outside the hedge fund structure,” says Rapoport.

HedgeCo Networks manages HedgeCo.Net, the premier hedge fund database and community portal. With over 30,000 active members, and 7,000 service providers HedgeCo.Net provides a platform for hedge fund managers, clients, and service providers. For more: www.hedgeconetworks.com